| What are my options
with regard to the Pension Plan Match Account when I terminate employment? |
Regardless of the dollar
value of your Pension Plan Match Account, if vested, you can:
- make a tax-free rollover to an IRA, 401(k) plan, or 403(b) plan and self-direct
the investment.
- leave it in the Trinity Health Pension Plan Match Account and have it continue
to earn a guaranteed fixed rate of interest.
- leave it in the Trinity Health Pension Plan for conversion to an annuity amount,
which would be added to your regular monthly pension benefit when retirement starts.
- withdraw your account balance and use the money for whatever purpose you choose.
If you elect to withdraw the money, you will pay taxes on the total amount withdrawn,
plus you may incur an additional 10 percent tax penalty depending on your age
when you make the withdrawal.
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